The United States is set to announce a new pact called "Beyond Kyoto" to combat climate change by developing energy technologies. The pact includes the US, China, India, Australia, and South Korea and aims to cut greenhouse gas emissions without setting strict targets. It will be formally announced the next day by the US Deputy Secretary of State and representatives of the other countries. While some see it as a useful step, others are critical that it could divert funds away from renewable technologies and undermine the Kyoto Protocol.